Loop Capital Downgrades RH to Hold, Announces $300 Price Target
Portfolio Pulse from richadhand@benzinga.com
Loop Capital analyst Anthony Chukumba has downgraded RH (NYSE:RH) from Buy to Hold and set a price target of $300.
June 29, 2023 | 10:42 am
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RH has been downgraded from Buy to Hold by Loop Capital, with a new price target of $300.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not have much upside potential in the near term. This could lead to a decrease in buying pressure for RH shares, potentially causing the stock price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100